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http://ssrn.com/abstract=1548264
 
 

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Unpacking Adaptability


Andreas Engert


University of Mannheim

D. Gordon Smith


Brigham Young University - J. Reuben Clark Law School

February 5, 2010

Brigham Young University Law Review, p. 1553, 2009

Abstract:     
Legal Origins Theory -- first proposed over a decade ago by Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W. Vishny -- holds that adaptable legal systems produce superior substantive law that, in turn, leads to superior economic outcomes. In this essay, we examine this adaptability hypothesis. The chief methodological challenge confronting the empirical study of adaptability is that researchers cannot measure adaptability directly. Legal Origins Theory attempts to surmount this challenge, in the first instance, by using legal institutions as proxies for adaptability. One of the foundational assumptions of Legal Origins Theory is that courts engage in highly contextualized rulemaking that improves the quality of law over time. Legal Origins Theory then takes this assumption one step further, asserting that “judicial law making and adaptation play a greater role in common than in civil law.” Thus, legal origin becomes a second-order proxy for adaptability. We contend that adaptability is undertheorized and that a more nuanced understanding of adaptability reveals the implausibility of legal origin as proxy for adaptability.

Number of Pages in PDF File: 18

Keywords: LLSV, legal origins, adaptability, formalism

JEL Classification: G30, K00, N20, P51

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Date posted: February 7, 2010  

Suggested Citation

Engert, Andreas and Smith, D. Gordon, Unpacking Adaptability (February 5, 2010). Brigham Young University Law Review, p. 1553, 2009. Available at SSRN: http://ssrn.com/abstract=1548264

Contact Information

Andreas Engert
University of Mannheim ( email )
68131 Mannheim
Germany
HOME PAGE: http://engert.info
Gordon Smith (Contact Author)
Brigham Young University - J. Reuben Clark Law School ( email )
422 JRCB
Provo, UT 84602
United States
801.422.3233 (Phone)
801.422.0390 (Fax)
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